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Aeris cements future of copper, gold operations
Aeris Resources will accelerate exploration at the Tritton copper and Cracow gold operations in New South Wales and Queensland, respectively, after raising $50.4 million. The company’s forecast for financial year 2021 expected Tritton to produce up to 23,500 tonnes of copper, while Cracow should see up to 75,000 ounces of gold Of the placement, $28 million will go towards exploration activities across both operations while $19.9 million will bolster Aeris’ general working capital. The remaining $2.5 million will cover transaction costs. Aeris executive chairman Andrew Labuschagne said the great success of the ... (full story)